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Vantage Pointe Condos
October 20th, 2009 Categories: Real Estate News
I’ve been known to be critical of new buildings and I may be too opinionated for some people…but I can’t help it. Look at downtown San Diego’s largest condominium building – Vantage Pointe. This new 92101 development has almost 700 condos and is HUGE! Most downtown San Diego highrises condo buildings have about 150–250 condos – about a third of Vantage Pointe. As the developer, Pointe of View, tries to sell off its inventory, I can’t help but think one thing – foreclosure.
Fire Causes Evacuation in Diamond Terrace Condos
October 2nd, 2009 Categories: Real Estate News
Last night, 13 condos in downtown San Diego’s Diamond Terrace(located at 427 9th Ave) highrise were flooded by the fire sprinklers. Apparently someone was using a heater(I’m assuming a space heater and not the condo’s heater) and placed it too close to the closet. The ensuing fire triggered the sprinklers and 13 condos were evacuated. According the CBS 8 News, no one was injured, but I’m sure a lot of people weren’t too happy.
I wonder why someone was using a heater? It’s not even cold in San Diego! Well, I’m glad no one got hurt and it’s good to know Diamond Terrace’s fire sprinklers work.
Today is the Saddest Day…
September 9th, 2009 Categories: Real Estate News
For months, I’d been trying to sell a condo in the Renaissance building of downtown San Diego. This condo wasn’t my listing, nor do I own it. This condo was simply one of the most condos I’ve seen in the last 5 years. Condo number 1901 is now “pending” and it’s not one of my clients who are buying it.
Congrats to Pat for selling it and to whoever is buying it…YOU ARE SO LUCKY! What was once listed for $2.1 million is probably going to sell for about $1.4 million and it’s worth every penny. Enjoy your new home and hopefully I’ll be able to buy it from you some day…
Touring Bosa’s Bayside Condos in Downtown San Diego Tonight
August 19th, 2009 Categories: Real Estate News
Yes, that’s right…I am going on a tour of the new Bayside at the Embarcadero tonight. Bosa Development has arranged for a special preview for realtors, so we can walk the building, check out the different floorplans and hopefully get pricing on the condos. I’ve already been through a handful of the Bayside condos, but I’m really anxious to see some of the larger penthouses, as well as the west facing B floorplan – Bayside’s version of The Grande’s E plan.
San Diego – Top 10 US Cities to Buy Real Estate
August 17th, 2009 Categories: Real Estate News
So we all know that San Diego is a great place to live, but how can you afford it? Well, according to ABC News, San Diego is one of the top 10 places to buy real estate in the country! With median home prices down 14% from a year ago, San Diego is a great place to buy. Granted, the median home price has gone up for the last three consecutive months, it’s still WAY below the high of $517,500 set back in November of 2005.
San Diego Median Home Price on the Rise
July 21st, 2009 Categories: Real Estate News
According to the Union Tribune, San Diego’s housing market may be on the rebound. According to a UT article last week, San Diego’s median home price has risen “for the third consecutive month in June, hitting $314,250.” Luckily for all you buyers, this is still well below the $517,500 high point back in November of 2005, but how long will this last?
Update On Downtown San Diego’s Bayside Condos
July 8th, 2009 Categories: BOSA Development, Real Estate News
According to my sources(a combination of Bayside’s sales team, my coworkers and Bayside’s preferred lenders), it sounds like about 35% of Bayside is under contract. This means that about 80 of the 232 condos are currently under contract. This doesn’t all 80 will be sold to these individuals, it just means that Bosa was able to get 80 or so people to put down a deposit, with the intent to close on them. But since the economy has changed and a variety of other factors, not all of the 80 people may move forward and actually close escrow on their new condos.
Who Visits San Diego?
June 29th, 2009 Categories: Real Estate News
According to www.SanDiego.org, the San Diego Convention & Visitors Bureau, “over 45% of all [San Diego] visitors came to visit friends or relatives” in 2008 and about a third of all visitors were here on vacation. Additionally, according to the site, tourism is the third largest industry in San Diego, providing over 160,000 jobs for residents. San Diego is one of the top five places to visit in the US and in the top 10 places to visit for work.
How to Apply for the California New Construction Tax Credit
June 18th, 2009 Categories: Real Estate Finance, Real Estate News
If you’re thinking about buying a new home, you may want to hurry up! California is giving a $10,000 tax credit to those who purchase a newly constructed home that has never been lived in, between March 1st 2009 and March 1st of 2010. There are no restrictions on how much money you make, but you do have to live in the home upon closing escrow for a minimum of two years.
Will Higher Gas Prices Make you Rich?
June 18th, 2009 Categories: Real Estate News
I recently took the Amtrak back from LA and was reading an article in the Rolling Stones about the pros and cons of rising gas prices. The article was written by Tim Dickinson and I thought he has some interesting points. Basically, Dickinson listed the ups and downs of gas prices going up, from $6 a gallon, all the way up to $20 a gallon. And even though gas prices are still much lower than they were last year, we’re definitely seeing a rise in oil prices.
